The TSX Venture provides final acceptance for the following.
Financing type: non-brokered private placement
Gross proceeds: $900,000
Offering: 2.25 million units (Each unit consists of four flow-through common shares, one non-flow-through common share and 2.5 share purchase warrants.)
Offering price: 40 cents per unit
Warrant exercise terms: Each whole warrant entitles the holder to purchase one common share at a price of 12 cents for a period of 24 months from the date of issuance. The warrants are subject to an acceleration clause.
Total existing insider involvement: 447,500 units (five insiders)
Non-cash commissions: 3,000 finder's warrants (one finder) (The finder's warrants are non-transferable and have the same terms as the warrants issued under the offering.)
Public disclosure: Refer to the company's news releases dated Sept. 8, 2025, Sept. 18, 2025, Oct. 10, 2025, and Oct. 31, 2025.
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